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The shareholders equity of Tru Corporation includes $520,000 of $1 par common stock and $1,120,000 par value of 7% cumulative preferred stock. The board of

The shareholders equity of Tru Corporation includes $520,000 of $1 par common stock and $1,120,000 par value of 7% cumulative preferred stock. The board of directors of Tru declared cash dividends of $142,000 in 2016 after paying $52,000 cash dividends in each of 2015 and 2014.

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What is the amount of dividends common shareholders will receive in 2016?

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